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While approaching factories, there are two types of production, low and high volume. With each type of product you’re producing there are pros and cons to utilizing these volume methods. Of course, certain types of raw materials or production methods cannot be managed or produced in both methods. Meaning for a rare raw material, they...
While working with clients of all sizes, we see different ownership levels and responsibilities when it comes to the production of custom products. When it comes to custom designed products, some buyers will make sketches, mock-ups and computer aided design (CAD) files for the vendor to iterate on. The expectation is then for the manufacturer to...
While working on a new product or business, there are many challenges that you will experience. One of the biggest financial challenges will be centered around inventory and production costs. The cost of production, replenishing inventory and managing a warehouse will all affect the cash flow of the business and the chances of success. Prior...
A project, product or program manager will utilize many tools to keep their product development projects in motion. One of the most useful resources to keep the team inspired and aligned is the product requirements document. The product requirement should be used as a guiding force during the entire project. What is a PRD? The...
When working with new product companies, we’ve often seen buyers underestimate topics like initial order volumes, distribution plans and factory size when approaching manufacturers. When working with suppliers, it’s important to have a roadmap, distribution strategy, and sales projections. If you’re working with international suppliers, they will be interested in understanding your value proposition and...
As the world begins its transition into electric cars, there are many looking to jump into the market as consumers gear up for next steps. Companies that are in the EV race include Ford, GM, Tesla, Kia, BMW, Xiaomi, Rivian, Hyundai, Volkswagen, Arrival, Nikola, Xiopeng Motors, Faraday Future, Lucid Motors, Nio, WM Motors, OIa, Zenobe,...
As the world begins its transition to electric cars, there are businesses looking to jump into the market as consumers gear up for next steps. Companies that are in the EV race include Ford, GM, Tesla, Kia, BMW, Xiaomi, Rivian, Hyundai, Volkswagen, Arrival, Nikola, Xiopeng Motors, Faraday Future, Lucid Motors, Nio, WM Motors, OIa, Zenobe,...
Due to ongoing supply chain shortages and production delays for semiconductors, buyers are scouring the market to secure supplies for their products. In addition to supply chain shortages, businesses are also gathering supplies as a preventative measure for future uncertainties. There was an over 30% increase in orders for semiconductors from Taiwan for Chinese and American production this...
China has a very negative reputation for its local companies freely infringing on the Intellectual Property (“IP”) Rights of the foreign companies that conduct business in China as either buyers or sellers of products. To a large degree, this negative reputation is deserved based on past practices in the country. China also has a negative...
Definition of Fulfillment- Fulfillment is also known as order fulfillment or product fulfillment, it is a process whereby people or companies fulfill an obligation to send goods to those who have ordered. Fulfillment typically refers to services provided by a company that offers to stock, receive the orders, package, and ship ordered item to customers. Many fulfillment centers...
